Form 4 for NFG NATIONAL FUEL GAS CO
Accepted 2021-12-20 00:00:00 ET · period of report 2021-12-16 · accession 0001562180-21-007804 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-20 | 2021-12-16 | NFG | Loweth Justin I | Pres - Seneca Resources | D - Sale to Iss | $62.73 | -4,692 | 31.0K | -13% | -$294.3K |
| DM | 2021-12-20 | 2021-12-16+ | NFG | Loweth Justin I | Pres - Seneca Resources | F - Tax | $62.54 | -744 | 27.4K | -3% | -$46.5K |
| DM | 2021-12-20 | 2021-12-16+ | NFG | Loweth Justin I | Pres - Seneca Resources | M - OptEx | $53.05 | +6,581 | 35.7K | +23% | +$349.1K |
| D | 2021-12-20 | 2021-12-16 | NFG | Loweth Justin I | Pres - Seneca Resources | S - Sale+OE | $63.23 | -3,917 | 26.8K | -13% | -$247.7K |
| DM | 2021-12-20 | 2021-12-16+ | NFG | Loweth Justin I | Pres - Seneca Resources | M - OptEx | $0.00 | -6,581 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-12-16 | D | D | 4,692 | $62.73 | 31,028 | D | — | — | (F1) On December 16, 2021, the reporting person exercised a stock appreciation right with respect to 5,548 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 4,692 shares is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3. Additionally, the reporting person had 337 shares of Common Stock of the Company withheld and cancelled to cover minimum tax withholding. This share cancellation is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "F" in column 3. |
| 2 | Common | Common Stock | 2021-12-16 | F | D | 337 | $62.73 | 30,691 | D | — | — | (F1) On December 16, 2021, the reporting person exercised a stock appreciation right with respect to 5,548 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 4,692 shares is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3. Additionally, the reporting person had 337 shares of Common Stock of the Company withheld and cancelled to cover minimum tax withholding. This share cancellation is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "F" in column 3. |
| 3 | Common | Common Stock | 2021-12-19 | M | A | 1,033 | — | 27,807 | D | — | — | (F3) Restricted stock units convert into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2021-12-19 | F | D | 407 | $62.38 | 27,400 | D | — | — | (F4) On December 19, 2021, the reporting person had 407 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of restricted stock units. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3. |
| 5 | Common | Common Stock | 2021-12-16 | M | A | 5,548 | $53.05 | 35,720 | D | — | — | |
| 6 | Common | Common Stock | 2021-12-16 | S | D | 3,917 | $63.23 | 26,774 | D | — | — | (F2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.21 to $63.28, inclusive. The reporting person undertakes to provide National Fuel Gas Company, any security holder of National Fuel Gas Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. |
| 7 | Derivative | Stock Appreciation Right | 2021-12-16 | M | D | 5,548 | $0.00 | 0 | D | $53.05 · — to 2022-12-19 | 5,548 Common Stock | (F6) On December 19, 2012, the reporting person was granted 8,321 stock appreciation rights, vesting as follows: 2,773 on December 19, 2013, 2,774 on December 19, 2014, and 2,774 on December 19, 2015. |
| 8 | Derivative | Restricted Stock Units | 2021-12-19 | M | D | 1,033 | $0.00 | 0 | D | — · — to — | 1,033 Common Stock | (F3) Restricted stock units convert into common stock on a one-for-one basis. (F7) On December 19, 2018, the reporting person was granted 3,097 restricted stock units, vesting as follows: 1,032 on December 19, 2019, 1,032,on December 19, 2020, and 1,033 on December 19, 2021. |